Property ID : MLS 1312743
For Sale $1,975,000.00 - Hotel/Motel
Great Location on Route 1, in Saco, Maine. The Sunrise Motel has 35 Units, with a combination of Motel Units, Cottages, and a single family, 3-bedroom home and Office. Large Inground Pool. The motel is situated on almost 2 acres of land, with a large lawn area for kids to play out on or for BBQ’s.
The Sunrise Motel abuts the Aquaboggan Water Park, a great summer attraction and as an added bonus, just a little way down Rt 1, is the well known Funtown Amusement Park. This Saco Motel is also less than 2 miles from Old Orchard Beach and all their amusement parks, restaurants, shopping and most importantly, 7 miles of sandy beaches that the town has to offer tourist. The Sunrise is centrally located to everything a tourist could want, from being not more than 15 minutes from the Portland Airport, the Maine Mall, Kennebunkport, Portland and more…. great for a home base to visit and play from.
Motel might need a little TLC on a couple of cottages and exterior motel, but the property has great income and a solid CAP Rate. Property is on Private Well Water and Septic System. The Sunrise Motel Operates has been operating on a year round basis. Switching from summer seasonal rates to off season winter rates.